Dye & Durham

Canaccord Genuity Acts as Exclusive Financial Advisor to Dye & Durham on its Completed C$146 Million Divestiture of Credas Technologies to SmartSearch, a Portfolio Company of Triple Private Equity

Canaccord Genuity is pleased to announce that on January 6, 2026, its client, Dye & Durham Limited ("Dye & Durham" or the "Company"), closed its divestiture sale of Credas Technologies Ltd. (“Credas”), a UK-based provider of identity verification and anti-money laundering solutions, to SmartSearch, a portfolio company of Triple Private Equity (the "Transaction").

Under the terms of the agreement, Dye & Durham received gross proceeds of ~C$146 million. The Company intends to use all net proceeds to repay outstanding senior secured debt, advancing its deleveraging priorities and further strengthening its balance sheet. Since acquiring Credas, Dye & Durham has helped the business grow and scale, and the Transaction represents a successful realization of that investment.

Credas specializes in Property and Legal sector identity verification and, today, enables more than 1,000 Property and Legal clients to streamline their onboarding processes and deliver a faster, smoother customer experience.

SmartSearch is an established UK provider of anti-money-laundering software. Its anti-money-laundering verification platform conducts individual and business searches, both for the UK and international markets with automatic worldwide sanction and PEP screening. SmartSearch was the first investment made by Triple Private Equity’s inaugural fund, which invests in mission-critical B2B software and data across Financial Infrastructure and Risk and Compliance.

Since 2018, Canaccord Genuity has advised the Company on 22 completed transactions, including a private investment from Manulife, seven acquisitions, a dividend recapitalization, the IPO, two bought deal private placements, four bought deal public offerings, a block trade, a debt recapitalization, two SIBs, a private placement of convertible debentures, and the above divestiture. In addition to these completed transactions, Canaccord Genuity is currently advising the Company on its announced evaluation of strategic alternatives.